Since November 2020, the index price has been in an uptrend, which is guided by two main support and resistance lines. One of these lines was launched in November 2020 and the other in August. And they diverge. There is also an additional resistance line on the chart - November 2020. Recently, the price broke through it at 3897.9 and dropped to the support line...
Yesterday's trading day ended with a strong collapse in the price of gold. And today I am updating my forecast. Let me remind you that since August last year, the price has been moving in a downtrend. The collapse of the price is gradual, since after strong falls, it always goes into correction. However, the fall does not stop. This is due to the gradual...
To begin with, let me remind you that starting from Wednesday we expected the price to fall from a strong resistance zone. But for the last three days, the price has been in this zone, moving with minimal breakouts either in the process of growth or in the process of falling. Yesterday, after another breakdown of the resistance zone, when the price rose to...
Yesterday's trading day ended with a strong collapse in the price of gold. And today I am updating my forecast. Let me remind you that since August last year, the price has been moving in a downtrend. The collapse of the price is gradual, since after strong falls, it always goes into correction. However, the fall does not stop. This is due to the gradual...
To begin with, let me remind you that starting from Wednesday we expected the price to fall from a strong resistance zone. But for the last three days, the price has been in this zone, moving with minimal breakouts either in the process of growth or in the process of falling. Yesterday, after another breakdown of the resistance zone, when the price rose to...
In mid-February, the price was able to break through the strong resistance line that was formed in April 2020. The price broke through it at point 1.292, after which it rallied, touched the local resistance and returned behind the line. This happened at the beginning of today's trading session. Thus, the price returned to the uptrend. And now she keeps falling....
In October 2020, the price fell and, having bounced off the support line 103.22, began a new growth in the ascending channel. At the same time, the channel regularly broke through the support line, but invariably stopped at the resistance line. In February, the price returned to the channel after another breakout and has already managed to pass from one border to...
In mid-February, the price bounced off the 0.715 support line and began to grow. During the strong growth, it was able to consistently break through first the support line 0.727 and then the level of 0.742. Then it stopped at the strong resistance line of October 2018. From this point, the price reversed and began to fall. She has already broken through the level...
Since December last year, the price has been moving in an arbitrarily strong upward channel. It remains strong even in spite of the fact that the price periodically tries to break through the trend lines of support and resistance. For example, recently the price dropped below the support zone of 90.29. This zone consists of a trend line and a strong support line...
Gold, like the previous pair, is stuck in the zone, only in this case - the support zone at the intersection of the strong level and the support line from October 2020. The price is now at the point 1793.35. Let me remind you that it came to these positions in the course of a long downtrend that began in August last year. In early February, the price broke...
We continue to observe the behavior of the price of this currency pair. And for the third day, it cannot leave the resistance zone 1.219, which it entered after a strong growth from the support level. Let me remind you that at this point, in addition to the zone itself, there is also a strong resistance line for August 2020. This price behavior may be related to...
Gold, like the previous pair, is stuck in the zone, only in this case - the support zone at the intersection of the strong level and the support line from October 2020. The price is now at the point 1793.35. Let me remind you that it came to these positions in the course of a long downtrend that began in August last year. In early February, the price broke...
We continue to observe the behavior of the price of this currency pair. And for the third day, it cannot leave the resistance zone 1.217, which it entered after a strong growth from the support level. Let me remind you that at this point, in addition to the zone itself, there is also a strong resistance line for August 2020. This price behavior may be related to...
One of the main direction lines on the chart at the moment is the resistance line formed in September 2020. Even after the breakdown of the line in December last year, the price continued to follow it, creating a downtrend. The price fell to a strong support zone, which is a historically strong level and also a very strong support line that appeared on the chart...
The price continues to grow steadily. An additional incentive for him was the support line 1.374, which the price was able to break through in February this year. After the breakout, it worked out several corrections, fixed on the line and continued to grow. However, the price has now stopped at the strong resistance zone of 1.415. This zone consists of two very...
During the rise in the upward trend, which began in June 2020, the price was able to break through the strong support level of 0.772. She moved along this level for some time, well entrenched on it. And when the price broke through the support trend line last week, the level did not let it fall again. This bounce off the level is very important as it gives the...
Despite an attempt at a false breakout that occurred this week, the price of the index returned to the uptrend and is now on the support line again. Let me remind you that this line was formed in July 2020 and is a guide for price growth. The price already tried to break through it in October last year, but that time it returned to the trend after several deals....
At the beginning of this week, the price finally returned to the support zone after the breakout and started to rise. During the growth, it broke through the strong support level of 1800.37. And now gold is stuck at the support level, so I am extending my forecast yesterday. The price consolidated at a strong level and again showed a slight increase, this...